Polygon PoS is adopting native USDC from Circle for ecosystem growth.
Future plans include a Cross-Chain Transfer Protocol for faster transfers.
Polygon PoS, a prominent layer 2 scaling solution for Ethereum, is set to witness a significant shift as it prepares to launch native USDC by Circle, the issuer of USDC on October 10th. This marks a step towards reducing reliance on bridged USDC.
The transition to native USDC comes with several advantages as mentioned by Circle. It ensures that USDC issued by Circle will be fully reserved. And always redeemable on a 1:1 basis for US dollars. This move will also facilitate institutional on/off-ramps and streamline support via Circle Account and its APIs.
1/ We might need a new hashtag because October is fast approaching and #StableSeptember isn’t slowing down.
Native $USDC will launch on @0xPolygon on October 10th, so let’s learn all the details for how the ecosystem will transition away from bridged USDC.https://t.co/7vVKOIIPXY
— Circl
We współpracy z: https://thenewscrypto.com/usdc-expanding-on-polygon-next-week-boosting-adoption/
